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Dec 26, 2012
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president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales grew. in 2011, sales for that period of tim
president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow...
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Dec 26, 2012
12/12
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FBC
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bottom line, obama's talking redistribution. the republicans are just getting moved by a president who is playing political games with them. david: when you say republicans didn't come out with a plan to stimulate the economy. republicans don't believe the government can stimulate the economy. what could they have done? >> what you have been talking about for years a strategy using a tax system to stimulate economic activity through a series of lower tax initiatives that would offer the prospect for growth, a la jack kemp. liz: but keeping the bush rates for the middle class, that helps the middle class, that's a g.o.p. victory there. i will tell you say something, what the g.o.p. is fearful of getting rather pregnant as pelosi says with their tax rate being lowered is defeat, giving birth to an electoral defeat if they go along with these tax hikes that the white house wants. doug, i have to tell you something, we still have a debt ceiling fight coming at us in march. is the g.o.p. right to stand their ground and say no tax hik
bottom line, obama's talking redistribution. the republicans are just getting moved by a president who is playing political games with them. david: when you say republicans didn't come out with a plan to stimulate the economy. republicans don't believe the government can stimulate the economy. what could they have done? >> what you have been talking about for years a strategy using a tax system to stimulate economic activity through a series of lower tax initiatives that would offer the...
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Dec 25, 2012
12/12
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FBC
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obama wants one thing and mr. boehner once another.see and we will see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to agreement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is. they are just playing games. right along with the folks in washington. this president is guilty of class warfare. for what? are you kidding me?ma. president obama seems to love rt the drama. i thought he didn't like drama. the reality is that there will be so little impact on our fiscal future. the after all of the drama and whateeer the outcome, we remaih in great jeopardy. because this isn't a fiscals. future. this is not something that any of us want. don't you love it? a lame-duck session of congress. they areon the ones wh
obama wants one thing and mr. boehner once another.see and we will see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to agreement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is....
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Dec 28, 2012
12/12
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FBC
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they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way going forward. >> wait for the first paycheck, it's going to be lower. >> see what happens monday morning, dying to see what happens this weekend. >> yeah, because they are meeting this weekend. >> oh, are they meeting? dagen, it's yours. >> when you are outraged, you sound authoritative. i sound like a crazy red neck. i need your help. putting the band back together, the president hosting party leaders at the white house trying to find middle ground on dealing with the coming tax increases and spending cuts. the damage done already to american business, uncertainty and looming tax burden has owners up in
they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way...
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Dec 28, 2012
12/12
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perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year e
perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both...
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Dec 27, 2012
12/12
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KGO
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. >> president obama spent part of the christmas day greeting thanking service member autos thanks for the work. >> knowing there are steeper cuts and the president is giving it a last shot, cutting short his vacation, returning to washington, d.c. tomorrow to try to hammer out a last minute deal with congressional republicans. if there is no break through, every american will be hit with higher taxes. a schoolteacher with two kids and a salary of $43,000 will face a tax hike of $3,000. the super rich like lebron james would see his tax goes up more thanhóÁ$2.4 million this year. >> i want us to not go over the cliff. i think it hurts the country. >> middle class people shouldn't have tax goes up?(héq $2,000 a year, we should start making some meaningful reform on debt. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate ya
. >> president obama spent part of the christmas day greeting thanking service member autos thanks for the work. >> knowing there are steeper cuts and the president is giving it a last shot, cutting short his vacation, returning to washington, d.c. tomorrow to try to hammer out a last minute deal with congressional republicans. if there is no break through, every american will be hit with higher taxes. a schoolteacher with two kids and a salary of $43,000 will face a tax hike of...
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Dec 26, 2012
12/12
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president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight
president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check...
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Dec 26, 2012
12/12
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we will see when president obama gets back tomorrow. dennis: small, thinking a smaller deal rather than something sweeping. >> there was a sense the week or two ago that you have a big deal or we go off of the cliff but dynamics change next week and the reality is what is possible here is a small deal probably something that deals with the tax breaks or tax levels for most americans under $250,000 or maybe half a million dollars being extended, great uncertainty about everything else including tax rate for others in spending cuts and decisions kicked into next year seem to be possible and if that is possible the kind of deal i just described is probably only possible through the house with an equal number of democratic and republican votes. that is the most likely scenario right now. dennis: would this be a positive scenario? a small agreement with bipartisan support. is that a victory or is the humiliating and a defeat for both parties? >> good question. the answer is as opposed to what? a victory as opposed to going over the cliff. pr
we will see when president obama gets back tomorrow. dennis: small, thinking a smaller deal rather than something sweeping. >> there was a sense the week or two ago that you have a big deal or we go off of the cliff but dynamics change next week and the reality is what is possible here is a small deal probably something that deals with the tax breaks or tax levels for most americans under $250,000 or maybe half a million dollars being extended, great uncertainty about everything else...
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Dec 26, 2012
12/12
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 28, 2012
12/12
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WBAL
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here's another quote from obama. he said, "i think when you spread nutella on buttered toast it makes it taste like dr. pepper." like a hazelnut thing? i've never done it. >> steve: i've never done it. >> jimmy: no, me either. >> steve: i like nutella. >> jimmy: here's a quote from albert camus, a famous french author. he said, "don't walk in front of me, i may not follow. don't walk behind me, i may not lead. walk beside me and be my friend." i love that quote. very sweet, yeah. here's another quote from camus. he said, "one thing that's really awkward is when you're walking the same speed as someone else and, like, you're not sure if you should slow down and let them get ahead or if you should go quicker and pass them. it's just one of those weird things i've observed in life. and i'll try to work into my upcoming stand-up album 'he camus, he saw, he went there.'" [ laughter and applause ] i didn't know he had a comedy album. that's why i'm thinking it might not be real. >> steve: it was in french, that's why. >> j
here's another quote from obama. he said, "i think when you spread nutella on buttered toast it makes it taste like dr. pepper." like a hazelnut thing? i've never done it. >> steve: i've never done it. >> jimmy: no, me either. >> steve: i like nutella. >> jimmy: here's a quote from albert camus, a famous french author. he said, "don't walk in front of me, i may not follow. don't walk behind me, i may not lead. walk beside me and be my friend." i love...
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Dec 26, 2012
12/12
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KPIX
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. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy enough. but the day after christmas? it was unbelievable! cbs 5 reporter cate caugiran is in san leandro where after- christmas shopping has already started. >> reporter: yes, brian. it started at 5:00 this morning at the bay fair center in san leandro. according to a consumer reports poll about 1 in 7 adults will return a christmas gift so that's part of it. for the other part i'm joined live now with keith mchugh with the shopping center here braving the rain with us, as well. thank you so much for joining us. >> my pleasure. >> reporter: what brings shoppers out here the day after christmas? it's the holiday, you think
. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy...
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Dec 23, 2012
12/12
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diplommt.mister obama ... saying massachusetts senator jjon kerry is aareaay &prespected around the world... and his entire life has 3 department...as you'll presidential nominee in 2004 3 obama says: "i also hhve to say thanks because john invited a young illinois state senator to address the -3&pdemocratic convention ii boston.é boston.ékerry diddnot speak at & ttday's announcementthe 3 without the presence of & current secretary hillary -3 clinton who is at home ... recuperating from a concussion she ustained whennshe fainted. &p3 3 three people are charred with murder toniggt affer & investigators say they causedd a natural as eepllsion too collect insurance money. money. his was the aftermath oo the november 13th people and iijured 12 others. -3 33 homes were leeeled invessigators say was intentional. they say these three disconnected the gas line to their ffrepllce and sst the microwave to o off as aacrude detonator. at first the three claimed they were victiis like everyone else but police found they
diplommt.mister obama ... saying massachusetts senator jjon kerry is aareaay &prespected around the world... and his entire life has 3 department...as you'll presidential nominee in 2004 3 obama says: "i also hhve to say thanks because john invited a young illinois state senator to address the -3&pdemocratic convention ii boston.é boston.ékerry diddnot speak at & ttday's announcementthe 3 without the presence of & current secretary hillary -3 clinton who is at home ......
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Dec 30, 2012
12/12
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the evacuation comes in the wake of criticism of the obama administration's in telling -- handling of the situation in libya. >> former president george h. w. bush is out of the intensive care unit into a regular hospital room tonight. he had been in the hospital since november 23 from a bronchitis-related costs. he was moved to intensive care before christmas after developing a fever. he is the country's oldest living president. >> new information into a plane crash that killed four people in russia. what happened to another airplane from the same airline just days ago. >> why an attorney for a new town massacre survivor says the state of connecticut is to blame. if >> how of >> we're learning more tonight about the crash of a russian airplane in moscow. four people were killed after the red wing airplane broke into pieces and caught fire while landing. four people were hurt. your plane rolled off the runway into a snowy field. another red wing airplane went off the runway in siberia on december 20. the official said that crash happened because the airplanes engines failed to go into
the evacuation comes in the wake of criticism of the obama administration's in telling -- handling of the situation in libya. >> former president george h. w. bush is out of the intensive care unit into a regular hospital room tonight. he had been in the hospital since november 23 from a bronchitis-related costs. he was moved to intensive care before christmas after developing a fever. he is the country's oldest living president. >> new information into a plane crash that killed...
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Dec 26, 2012
12/12
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major question as the politicians begin to gather again, at least obama, tomorrow morning to try to get a solution. five days to go. >> bob did some interesting analysis or asked some good questions about that mastercard survey and it indicated that maybe that's not the be-all and end-all in terms of the consumer spending numbers but it does indicate that maybe this past holiday spending season wasn't all it was cracked up to be. that will do it for "power lunch" for the day after christmas. >> thank you very much for watching. "street signs" on cnbc begins right now. >>> maybe we should call today's show "sleet signs." the weather wreaking havoc around america again. retail stocks melting down as the consumer finally caved in. a storm of another kind, the fiscal cliff, just days away but there's yet another threat out there which might even have a bigger impact on the economy. we'll tell you what it is. that story ahead. >>> plus, herbalife decides the best defense is a good offense and why amazon and netflix are suddenly feuding like the hatfields and mccoys. >> hello, everybody. on t
major question as the politicians begin to gather again, at least obama, tomorrow morning to try to get a solution. five days to go. >> bob did some interesting analysis or asked some good questions about that mastercard survey and it indicated that maybe that's not the be-all and end-all in terms of the consumer spending numbers but it does indicate that maybe this past holiday spending season wasn't all it was cracked up to be. that will do it for "power lunch" for the day...
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Dec 28, 2012
12/12
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KTVU
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but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly think that we will see more lower prices in the market
but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it...
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Dec 26, 2012
12/12
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>> this whole thing with obama smalg the rich don't pay their taxes is [bleep]. i voted for the guy and i'm a democrat what a [bleep] rich don't pay their taxes,let me tell you something, right? first they say to your brother it's the united states of america you can do whatever you want and you can go for it. >> >> bill: ill think a lot of people feel the same you do. very frustrating. you are kind of c disrespectful when you call president obama the president of the united states a blanking blank. do you feel bad about doing that? >> no. because you have to h put it in con elks and i'm doing a pofd cast there. the nature of the pod cast is you are arthur and honest. you just basically sea is you you now. it's different in are clib. i do stand up my whole act. i make funnel of everybody. you can't say on television say in then private club. >> bill: i know that here is thel. deal. we live in a crazy now electronic world where where everything everybody says is instantly on the internet andld whipped around the world saying i'm a little bit like you come from ver
>> this whole thing with obama smalg the rich don't pay their taxes is [bleep]. i voted for the guy and i'm a democrat what a [bleep] rich don't pay their taxes,let me tell you something, right? first they say to your brother it's the united states of america you can do whatever you want and you can go for it. >> >> bill: ill think a lot of people feel the same you do. very frustrating. you are kind of c disrespectful when you call president obama the president of the united...
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Dec 28, 2012
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this was russia's response to president obama's anticorruption law. it denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's tragic these children are potentially going to fall victim to senseless politics. >> reporter: the national council for adoption says with 700,000 russian orphans the kids are the ones caught in this political web. >> most of them have been matched with children. they consider these children part of their family already. they've introduced them via pictures and other methods to their siblings here in the united states. and it's really heartbreaking. >> reporter: a heartbreak that could become a reality that can do nothing but wait, watch and hope. >> we're the fong family. we want to provide a home to at least one boy from russia. and we have a home, we have a loving family. we're hoping that all this can move forward and this will be the last christmas he's alone. >> reporter: in reference to this ban, the u.s. state department spokesman said quote, it is misguided to hav
this was russia's response to president obama's anticorruption law. it denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's tragic these children are potentially going to fall victim to senseless politics. >> reporter: the national council for adoption says with 700,000 russian orphans the kids are the ones caught in this political web. >> most of them have been matched with children. they consider these children part...
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Dec 27, 2012
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tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of discussion that there might be a deal coming up. tell us what you know. >> i assure you that there will be a resolution either before the new year or shortly after the new year. that's the good news, that there will be a deal. the bad news for you and your viewers is that there won't be a solution. it will be a pan sea or some magical elixor that makes us all feel better. but shortly after we will get a letter from geithner asking us to raise the debt ceiling for the 80th time in our country's history. there will be a deal to, quote, avert the fiscal cliff. your viewers should demand more than a deal, they should demand a solution. >> do you
tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of discussion that there might be a deal coming up. tell us what you...
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Dec 29, 2012
12/12
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. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a basic package to protect the middle class from a tax hike extend vital unemployment insurance for americans looking for a job. >> the impasse has shaken wall street, the dow jones falling 400 points since last week. business people but this man are worried about the future. >> we are deciding how many people we are hiring and we are figuring out how many machines and robots to invest in our factory. >> commits to be axed, there is agreement on 90% of the tax debate. it is the fate of the top 2% that has the two sides so far apart. >> we have a crisis of self government right now. >> if an agreement is reached it would be with t
. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a...
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to be if you don't have a job you could start a business and i've been told for four years that the obama administration is supporting small business so should be very easy to start with it's easy to start small businesses and those were certain absolutely i was like i was to reagan no sherman antitrust or well yes it would start small business because there's too much government regulation i mean we are going to see the world view here and that is capitalism is a high stakes game and if you can't compete you're going to die we're not going to give you health care. you're going to die i mean and people are dying and that's the truth people forty thousand people die every year because they don't have health insurance that's insane we need to be having your let's have capitalism let's tell you let's have billionaires let hundreds of millions like nine hundred millionaire not one hundred million but let's also care for the people who are losers you tell it as soon as nobody got in the market let's let's assume he's being sincere. my suggestion is solid it's what you hear mildly but in the am
to be if you don't have a job you could start a business and i've been told for four years that the obama administration is supporting small business so should be very easy to start with it's easy to start small businesses and those were certain absolutely i was like i was to reagan no sherman antitrust or well yes it would start small business because there's too much government regulation i mean we are going to see the world view here and that is capitalism is a high stakes game and if you...
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Dec 26, 2012
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boehner and president obama have not spoken over the last few days. there seems to be no communication there. for all intents and purposes, there is a 50-50 sign. a lost folks say more likely than not we go over the slif because they cannot afford it. >> if we go over the cliff, there several million americans who that will impact in terms of people unemployment benefits. maybe they have benefits wrapped up in the market. is there an appropriate sense of urgencey and the amount of pain this will cause in some people's lives. >> to be honest with you and i put my american hat on right now and take off my journalist one, i am perplexed by the lack of urgency from our elected leaders on both sides. this is not a problem that has come up randomly. we were facing this for a long time. many months. there seems to be a wisdom amongst a lot of people in washington that okay, we didn't go over the cliff and it's not a big deal. the treasury can take care of this problem january 3rd and january 4th. the question is how will the markets react? we do not know. pe
boehner and president obama have not spoken over the last few days. there seems to be no communication there. for all intents and purposes, there is a 50-50 sign. a lost folks say more likely than not we go over the slif because they cannot afford it. >> if we go over the cliff, there several million americans who that will impact in terms of people unemployment benefits. maybe they have benefits wrapped up in the market. is there an appropriate sense of urgencey and the amount of pain...
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Dec 29, 2012
12/12
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>> i think you to open with the top story being president obama's reelection. it was a presidential election that was close. it was fascinating. it was really hard fought and i think it was very consequential. are there was a possibility that president obama was going go down as a jimmy carterresque figure, one kicke term kicked . he has four more years now. the possibility that the economy will turn around and he will be able to go down as a successful president. i also think and this is a big reason why time made him our person of the year, he had a very interesting diverse winning coalition. a lot of people say it was kind of the new face of america. a large minority nonwhite vote. young voter to a more liberal than older vote hers. i think you can see the changing face of america there. that would be the number one story. right behind and related to it is chief justice john roberts guiding the supreme court to a decision that upheld the healthcare law. finding a compromise solution where he said that the individual mandate might not be constitutional but th
>> i think you to open with the top story being president obama's reelection. it was a presidential election that was close. it was fascinating. it was really hard fought and i think it was very consequential. are there was a possibility that president obama was going go down as a jimmy carterresque figure, one kicke term kicked . he has four more years now. the possibility that the economy will turn around and he will be able to go down as a successful president. i also think and this is...
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Dec 27, 2012
12/12
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more than just about obama and romney. it was about socialism and capitali capitalism, about what kind of role government should have in your life. >> number 1 is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >> so those are the top 10 business stories. join don lemon for the biggest stories of the year in crime, politics, money and the most scandalous. top 10 of 2012 airs sunday night at 8:00 eastern here on cnn. win. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerew
more than just about obama and romney. it was about socialism and capitali capitalism, about what kind of role government should have in your life. >> number 1 is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >> so those are the top 10 business stories. join don lemon for the biggest stories of the year in...
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Dec 23, 2012
12/12
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he was 42 years old. >>> and in hawaii today, president obama and first lady michelle obama attended a memorial service for one of the president's personal heroes, senator daniel inouye passed away monday after nearly 50 years in congress and serving our nation in world war ii. >>> still ahead as we continue on nbc nightly news, the new warnings from the feds about who's tracking your kids on all those mobile devices, sometimes collecting personal information without their knowledge. >>> and later, they are on track to make a big difference for a lot of kids this christmas. [ male announcer ] introducing centrum flavor burst adult multivitamins... a delicious new way to get essential vitamins you need. just bite into the tasty shell... to a chewy vitamin core collecting personal information new centrum flavor burst. an intense burning sensation i woke up with this horrible rash on my right side. like somebody had set it on fire. and the doctor said, cindie, you have shingles. he said, you had chickenpox when you were a little girl... i said, yes, i did. i don't think anybody ever thi
he was 42 years old. >>> and in hawaii today, president obama and first lady michelle obama attended a memorial service for one of the president's personal heroes, senator daniel inouye passed away monday after nearly 50 years in congress and serving our nation in world war ii. >>> still ahead as we continue on nbc nightly news, the new warnings from the feds about who's tracking your kids on all those mobile devices, sometimes collecting personal information without their...
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Dec 26, 2012
12/12
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. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military rifle used in the connecticut school massacre. he left behind a chilling note. >> reporter: the christmas eve fire in western new york burned seven homes to the gr
. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for...
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Dec 26, 2012
12/12
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we elected president obama. i believe there has been a lot of misinformation deliberately put out about why this president was elected. i think we need to chase that. host: fifth let's hear from me now from midland, michigan. caller: i think it looks pretty good. i do not know how they are going to print out all of the new tax forms by the time we go to fill out our taxes. i am a republican and a bit less than $15,000 a year. i will pick up a beer can or a beer bottle when i am going down the street. most definitely. i have to collect them some days just to get by. as far as kicking the can of the road, i believe -- i do not believe in that. i think republicans have to face the fact that the conservatives always believe in a balanced budget. they always do. they have to scale down the monstrosity of a government they have. host: a reminder to all of our callers, please keep the sound of doubt on your tv set at home. -- keep the sound down on your tv set at home. here is a short piece from the interview on why th
we elected president obama. i believe there has been a lot of misinformation deliberately put out about why this president was elected. i think we need to chase that. host: fifth let's hear from me now from midland, michigan. caller: i think it looks pretty good. i do not know how they are going to print out all of the new tax forms by the time we go to fill out our taxes. i am a republican and a bit less than $15,000 a year. i will pick up a beer can or a beer bottle when i am going down the...
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Dec 27, 2012
12/12
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KGO
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. >>> now, to the fiscal cliff, still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will also be in session today, amid fading hope that a deal could be reached by the new year. no agreement would mean deep spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts, from school supplies to artwork, have arrived in such numbers, they overwhelmed the small community's ability to process them. a fund established after the shooting to support newtown has grown to $3.5 million. >>> meanwhile, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts across utah. they have volunteered for the concealed weapons training. it's offered every year. organizers say in past years, only a few dozen teachers attended the training. they're expecting an overflow crowd because of this
. >>> now, to the fiscal cliff, still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will also be in session today, amid fading hope that a deal could be reached by the new year. no agreement would mean deep spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the...
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Dec 28, 2012
12/12
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WBAL
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president obama says we have lost an american original. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting them. the ban appears to be in re retaliation for u.s. criticism of russia's human rights record. >>> it's back to work for hillary clinton after being sidelined due to a concussion. she hit her head earlier this month after a stomach virus caused her to faint. overseas travel will remain off the table for several more weeks. >>> a woman has been arrested suspected of running a fraudulent fundraising scheme to profit off the sandy hook shooting tragedy. the 37-year-old was charged with lying to the fbi a
president obama says we have lost an american original. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks...
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Dec 23, 2012
12/12
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"time" magazine named president barack obama. another world leader snagged the number one spot in time's reader poll with 12.6 million votes. so spill it. who was if? >> we're supposed to tell you "time" magazine will be the first to tell you this is not scientific. >> i'm sure. >> north korea's supreme leader, youngest head of state currently in the world kim jong-un. >> why the fascination with him? >> he's intriguing because he's the third in the kim dynasty. he's the third and youngest son, but his father thought he had bha it took to the supreme leader. interesting enough, he went to school in switzerland and he's an nba and nike fan and does his own buzz cuts, which have become a trend in north korea. >> he does that hair himself? >> yes. he has a fear of barbers. >> i guess you never know who will come after you. "the onion" as a joke named him sexiest man in alive in a poll. it was meant to be a joke. the chinese published it thig it was real. >> we know it's not real. good about him is he showed his wife. that gives a lo
"time" magazine named president barack obama. another world leader snagged the number one spot in time's reader poll with 12.6 million votes. so spill it. who was if? >> we're supposed to tell you "time" magazine will be the first to tell you this is not scientific. >> i'm sure. >> north korea's supreme leader, youngest head of state currently in the world kim jong-un. >> why the fascination with him? >> he's intriguing because he's the third in...
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Dec 23, 2012
12/12
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guest: what was fascinating about this, obama walked offstage with michelle obama, saw his wife and said, that was not that bad guest: he said, that wasn't that bad. and then his wife said, yes. yes it is. the did not get a sense of the magnitude of this disaster. this saw the top of his head of what staring down at the podium and there was an immediate the acknowledgement that this was a potentially game changing disaster. what was funny -- well, not funny to them, but they had completely anticipated it. we just thought in terms of his answer is what they refer to as going down the rabbit hole. he was so worried that obama was going to go on these long answers that he sent him an image about it. host: that me ask you about the 47% video. how damaging was that? guest: the romney campaign knew immediately that it was devastating. host: what was mitt romney's immediate reaction? guest: he was in california. he knew it was problematic. there was a staff conference call in the hours afterwards were they acknowledged that it was bad. romney came on the line and knew he had to address it. beca
guest: what was fascinating about this, obama walked offstage with michelle obama, saw his wife and said, that was not that bad guest: he said, that wasn't that bad. and then his wife said, yes. yes it is. the did not get a sense of the magnitude of this disaster. this saw the top of his head of what staring down at the podium and there was an immediate the acknowledgement that this was a potentially game changing disaster. what was funny -- well, not funny to them, but they had completely...
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Dec 26, 2012
12/12
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were remember where we when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth. this is quite a remarkable turn around. here we were in the fourth quarter of 2008 the economy was shrinking at a rate of almost 9% and within nine months, we were back to growth. that is quite a remarkable turn around given the damage that was done by the downturn at the end of the bush administration. end of the bush administration.
were remember where we when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth. this is quite a remarkable turn around. here we were in the fourth quarter of 2008 the economy was shrinking at a rate of almost 9% and within nine months, we were back to...
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Dec 29, 2012
12/12
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in his weekly address, president obama pushed lawmakers to act. >> we cannot let washington politics get in the way of america's progress. >> reporter: mr. obama met with top party leaders friday, calling on them to either reach a compromise or allow a vote on his plan that would among other things raise taxes on those making more than $250,000. >> i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> reporter: missouri senator roy blount delivered the republican response sharply criticizing the president's proposal. >> the president's proposal to raise taxes on the top 2% of americans won't even pay one-third of the annual interest now owed on the massive $16 trillion debt. >> reporter: in the political cliff hanger sources close to the talks say senate leaders harry reid and mitch mcconnell are drafting a small plan that could include extending unemployment insurance benefits pro-tkting about 30 million americans from paying the alternative minimum tax and allowing tax rates to increase on the wealthiest
in his weekly address, president obama pushed lawmakers to act. >> we cannot let washington politics get in the way of america's progress. >> reporter: mr. obama met with top party leaders friday, calling on them to either reach a compromise or allow a vote on his plan that would among other things raise taxes on those making more than $250,000. >> i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote....
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Dec 26, 2012
12/12
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president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour? "youngblood?" >> i don't know this song. ♪ >> futures are higher not as much as before. 17 points or so. being up at all with the fiscal cliff really looking like we're -- why wouldn't we head over. you go back to 39.6 on anybody 250 and above and ride in and lower taxes and be a hero. see republicans vote against that. >>> pre-christmas shopping rush wasn't much of a rush at all, at least not the type economists were expecting. a mastercard spending poll reports holiday sales were up .7 of a percent a year ago well below expectations. and we'll get a fresh read also on home prices wh
president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour?...
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Dec 27, 2012
12/12
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when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer say the president ran on raising taxes and says he won, we should do that, i have to tell you i'm not such and idiotic person to follow someone off into the abyss. this is a political gimmick the president ran on. he did win the election but when you look at the house, the republicans maintain their majority there and that's where revenue bills emanate from. >> we have to leave it there. always great to have you. >> happy new year. >> you too. amid all this fighting in washington, my next guest has a plan to fight the nation's debt and it doesn't rely on congress at a
when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer...
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Dec 29, 2012
12/12
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KGO
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president obama says if lawmakers don't reach a deal he will propose a different vote. >> i will urge the senate to hold an upper down vote to basic package, extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested solution to get repeat drunk drivers off the highways. a proposal that is being used in assisted states. >> the thinking behind the proposed crackdown is address what state senator jerry hill says the high rate of drunk drivers that don't modify their behavior. he cites statistics, most recent numbers available. >> there were 161,000 d.u.i. arrests and convictions in california. 27% of those were repeat offenders. >> a second indictment conviction
president obama says if lawmakers don't reach a deal he will propose a different vote. >> i will urge the senate to hold an upper down vote to basic package, extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days....
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Dec 24, 2012
12/12
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tell you what the obama campaign people think. they thought that the approach to hispanics, the idea of self-deportation was kill every. they thought that they had had a very good strategy of being out in the field for four years getting to know every voter. they were able to not only bring out voters that came out in 2008, they were able to find new voters. the third thank they said is mitt romney's 47% comment. that actually, that played in a narrative about him that was building. they thought that was a killer for him. you can't look at if campaign without look at the broader problems of the republican party. keep in mind the senate candidates who failed in 2019. >> with all due respect, look at the broader issue, i mean it is unimaginable that someone would run against the president with the worst recovery since the second world war, highest unemployment since fdr second term and with piling up trillions of dollars of debt, and lose. we have thought a year ago that this was unlosable race. one reason we are in the fiscal cliff
tell you what the obama campaign people think. they thought that the approach to hispanics, the idea of self-deportation was kill every. they thought that they had had a very good strategy of being out in the field for four years getting to know every voter. they were able to not only bring out voters that came out in 2008, they were able to find new voters. the third thank they said is mitt romney's 47% comment. that actually, that played in a narrative about him that was building. they...
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Dec 24, 2012
12/12
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we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do know that there were very serious discussions and concerns at the time before he decided to run and he looked at the field of competition and saw it was pretty weak and his family pushed him to say that he would be the best person given the way the field has taken shape. >> nbc's garrett hak spent nearly a year and a half covering the romney campaign. >> in between campaigns romney was definitely stung by the loss, but he never really took his eye off the ball. he wrote a book about his own personal politics and he used his pac to fund other republican candidates and that's the kind of thing you do if you think
we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do...
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Dec 24, 2012
12/12
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of honor, absenter and activist danny glover and reverend jeremiah wright, formerly of the president obama's church. >> those who live with that reality daily and in light of what is happening in newtown, connecticut, don't you give up, because it's time for you to act refrigerate church leaders believe they can start within their own communities. >> those in power, let's talk to the power about what we can do come together to change this before we kill each other. >> reporter: a group of san francisco faith leaders actually met with the mayor this week to discuss what they can be doing to address the issue of gun violence and they hope to have more similar meetings in the months to come. >>> well, in the past two hours i just stepped out and it was pouring rain outside our studio in oakland. it's been getting a lot of rain across the bay area. mark tamayo joins us with a look at the totals and one area that really got a drenching. >> the coastal hills the numbers continue to pick up and add up. you might be surprised by the numbers that i'm about to show you. the rf started this morning and
of honor, absenter and activist danny glover and reverend jeremiah wright, formerly of the president obama's church. >> those who live with that reality daily and in light of what is happening in newtown, connecticut, don't you give up, because it's time for you to act refrigerate church leaders believe they can start within their own communities. >> those in power, let's talk to the power about what we can do come together to change this before we kill each other. >>...
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Dec 29, 2012
12/12
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obama is deny anything interest in a potential future in politics. she says it requires a lot of of patience to be in public office and that is certainly something she would know. >>> a fast-moving winter storm moving into the northeast right now and that could mean a major travel headache for those trying to get around this holiday weekend. the weather channel's julie martin is at new york's laguardia airport. how bad is it right now, julie? >> reporter: right now we are getting a bit of a break, craig, but there is more to come with this system. it is just now a little bit south of the new york city metro area. i'm at laguardia, and i can tell you we've seen 50 or so cancellations as of this morning and this afternoon, but more likely to come as the snow really starts to work its way into the city this afternoon and this evening. we're looking to pick up anywhere say one to three inches in manhattan and some of the higher elevations like the hudson valley and you could be looking at anywhere from 6 to 8 inches and cities like boston are going to ge
obama is deny anything interest in a potential future in politics. she says it requires a lot of of patience to be in public office and that is certainly something she would know. >>> a fast-moving winter storm moving into the northeast right now and that could mean a major travel headache for those trying to get around this holiday weekend. the weather channel's julie martin is at new york's laguardia airport. how bad is it right now, julie? >> reporter: right now we are getting...
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Dec 24, 2012
12/12
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WJLA
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president obama give them today off. many government offices are closed. financial markets are also closing early as well as some post offices. "the hobbit" top to the box office again for the second straight weekend. >> the baltimore ravens snapped a three-game losing streak. joe flacco threw three touchdown passes in the first half and the final score was 33-14 and the ravens wrap up the regular season sunday against the cincinnati bengals. the new york giants made a lot of help if they want to make the playoffs. >> looking to the end zone -- it is a touchdown. >> rookie robert griffin iii threw two touchdown passes to lead the redskins to a 27-20 win. >> they let a 14-point third quarter lead get away but they will prepare for sunday night with the dallas cowboys for the nfc east division title. and a spot in the playoffs. there is a lot of stop writing on sunday. we still have another half an hour. >> coming up, bundle up if you're heading out early on this christmas eve. you were born an original. there's a health company that can help you stay that w
president obama give them today off. many government offices are closed. financial markets are also closing early as well as some post offices. "the hobbit" top to the box office again for the second straight weekend. >> the baltimore ravens snapped a three-game losing streak. joe flacco threw three touchdown passes in the first half and the final score was 33-14 and the ravens wrap up the regular season sunday against the cincinnati bengals. the new york giants made a lot of...
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Dec 24, 2012
12/12
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. >>> in honolulu, president obama and first lady michelle obama attended a memorial service for senator inoyue. >>> comments from mitt romney's oldest son that has gotten people talking. it has been seven weeks since the election and there has been a steady stream of details coming from both campaigns. now comes the revolution from tagg romney that his father had no desire to run for president again, at least at first. we have more on that story from boston. >> i have just called president obama to congratulate him on his victory. >> reporter: as mitt romney, members of his campaign staff and top gop leaders continue assessing how he lost the election to a vulnerable incumbent president, the oldest son of the former massachusetts governor is raising eyebrows about his dad's initial reluctance to make a second white house run. in a story published in the "boston globe" tagg romney said his father, quote, wanted to be president less than anyone. he would have been ecstatic to step aside. "boston globe" reporter michael krenish interviewed tagg romney. >> i know there were serious discussi
. >>> in honolulu, president obama and first lady michelle obama attended a memorial service for senator inoyue. >>> comments from mitt romney's oldest son that has gotten people talking. it has been seven weeks since the election and there has been a steady stream of details coming from both campaigns. now comes the revolution from tagg romney that his father had no desire to run for president again, at least at first. we have more on that story from boston. >> i have...